July 19 (SeeNews) - Bulgaria's competition authority said on Thursday it has banned the sale of the local assets of Czech energy group CEZ to Sofia-based Inercom.
Inercom Bulgaria can appeal the ban before the Supreme Administrative Court in the next 14 days, the Commission for Protection of Competition said in the decision.
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CEZ assets in Bulgaria includes seven companies - power distributor CEZ Razpredelenie [BUL:3CZ], power supplier CEZ Electro Bulgaria [BUL:1CZ], licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group and CEZ Bulgaria, which manages and coordinates the operations of the group's Bulgarian units.